Stocks of Cenntro Electric Group Limited (CENN) are poised to climb above their peers

Cenntro Electric Group Limited (NASDAQ: CENN) stock fell -0.20% on Monday to $0.25 against a previous-day closing price of $0.25. With 1.1 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.72 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.2603 whereas the lowest price it dropped to was $0.2461. The 52-week range on CENN shows that it touched its highest point at $1.27 and its lowest point at $0.23 during that stretch. Beta for the stock currently stands at 1.58.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CENN was down-trending over the past week, with a drop of -0.20%, but this was down by -17.72% over a month. Three-month performance dropped to -21.98% while six-month performance fell -41.47%. The stock lost -80.74% in the past year, while it has lost -43.52% so far this year.

Float and Shares Shorts:

At present, 300.84 million CENN shares are outstanding with a float of 214.89 million shares on hand for trading. On Aug 30, 2023, short shares totaled 7.73 million, which was 2.54% higher than short shares on Jul 30, 2023. In addition to Mr. Peter Zuguang Wang as the firm’s CEO, MD & Chairman, Mr. Fong Ting Cheng serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 8.09% of CENN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 21.48% of CENN, in contrast to 2.06% held by mutual funds. Shares owned by individuals account for 0.32%. As the largest shareholder in CENN with 0.81% of the stake, Millennium Management LLC holds 2,468,731 shares worth 2,468,731. A second-largest stockholder of CENN, Susquehanna Financial Group LLLP, holds 711,537 shares, controlling over 0.23% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in CENN, holding 552,461 shares or 0.18% stake. With a 0.11% stake in CENN, the Fidelity Nasdaq Composite Index E is the largest stakeholder. A total of 346,538 shares are owned by the mutual fund manager. The Fidelity Nasdaq Composite Index F, which owns about 0.07% of CENN stock, is the second-largest Mutual Fund holder. It holds 208,899 shares valued at 59745.0. SPDR S&P International Small Cap holds 0.04% of the stake in CENN, owning 108,170 shares worth 30937.0.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, CENN reported revenue of $3.20M and operating income of -$14.77M. The EBITDA in the recently reported quarter was -$14.77M and diluted EPS was -$0.05.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CENN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded CENN stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.